$TREE
* Immediate Support: $0.50 – After a recent upward breakout, this psychological level has flipped from resistance into key support. Holding the price above this level is seen as a strong bullish signal.
* Main Support Zone: $0.43 - $0.44 – This area proved to be a strong price floor last week, where buyers became active and halted further decline. It is a critical zone for maintaining the current positive sentiment.
* Further Support: $0.32 - $0.33 – An older, but still relevant, support level from the end of July.
Current Resistance Levels:
* Immediate Resistance: $0.58 – This is the first significant hurdle for further price growth.
* Secondary Resistance: $0.74 – The next target for buyers if the current momentum can be sustained.
* Main Target and Psychological Resistance: $1.00 – After breaking the $0.50 mark, many analysts agree that the $1.00 target is the next logical and strong psychological goal for this token.
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The listing of the Tree ($TREE) token on the Binance exchange brought the expected high volatility. An initial, often dramatic price increase, which is typical for new "Seed Tag" projects, was followed by a natural correction caused by profit-taking. The token's performance is now in a phase of finding its true market value, a process accompanied by price fluctuations.
For future development, key technical levels are crucial. The price bottom formed after the initial drop becomes the first critical support level, where buying pressure may concentrate. Conversely, the peak reached shortly after the listing acts as a strong psychological and technical resistance level. The long-term stability of the price will be primarily supported by the project's real utility and its ability to meet its goals, which could attract strategic investors and limit purely speculative trading.